Plutonic Power terminates consulting agreement

04/30/2007

Vancouver, BC -- April 30, 2007 -- Plutonic Power Corporation
(TSX VENTURE: PCC) wishes to announce that, subject to TSX Venture
Exchange approval, as part of an April 5, 2007 settlement it has agreed
to issue 250,000 common shares and 125,000 warrants to a consultant as
part of the termination of a consulting agreement. The two year warrants
have an exercise price of $4.65 per share. The securities will be
subject to a four month hold period under Canadian Securities laws and
policies.

The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. Caution Regarding Forward-Looking
Statements - This news release contains certain forward-looking
statements, including statements regarding the business and anticipated
financial performance of the Company. These statements are subject to a
number of risks and uncertainties. Actual results may differ materially
from results contemplated by the forward-looking statements. When
relying on forward-looking statements to make decisions, investors and
others should carefully consider the foregoing factors and other
uncertainties and should not place undue reliance on such
forward-looking statements. The Company does not undertake to update any
forward looking statements, oral or written, made by itself or on its
behalf.

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